Indo Farm Equipment shares are set to debut on the exchanges with a 36% expected listing premium. The IPO received overwhelming response, with an oversubscription rate of 227.67 times. Analysts recommend profit booking for conservative investors and holding for long-term investors, considering the company’s strong market presence and expansion plans.
Flipkart exits Aditya Birla Fashion and Retail in Rs 582 crore bulk deal; ABFRL stock tumbles 11%
Flipkart Investments Private Limited divested its 6% stake in Aditya Birla Fashion & Retail. The sale occurred in a bulk deal for Rs 582 crore.